§530A Trump Accounts: Contributions by Parents and Guardians, Employer Contributions, Qualified General Contributions and Government Pilot Contributions
Paul La Monaca CPA, MST
July 21, 2026
Session 1
Registration: 7:30 AM
Session 1 Begins: 8:00 AM
Session 1 Concludes: 10:40 AM
This course introduces Tax Professionals to the newly created provisions of §530A Trump Accounts, which allows non-deductible contributions to tax advantaged savings accounts for children who are U.S. citizens, under the age of 18, at the time the account is established.
The course also discusses qualified distributions for higher education, training, small business creation and first-time home purchases.
The course will discuss the treatment of a Trump Account as an Individual Retirement Account when the designated beneficiary reaches the age of 18 and will stress that the account will be deemed to operate as an IRA, subject to all the rules of an IRA upon reaching age18.
The course discusses the annual limitation of $5,000 per year to beneficiaries, (indexed to inflation) as well as the $1,000 contribution under the §6434 Pilot Program funded by the U.S. Treasury for children born in years 2025-2028 who are U.S. Citizens and the requirement that both parents have been issued a work eligible Social Security Number.
This session includes discussion on new §128 employer contributions of up to an annual amount of $2,500 excluded from gross income and indexed to inflation after 2027.
The course will also introduce Qualified General Contributions which allows certain governmental entities and charities to make qualified general contributions to Trump Accounts, if the contributions are given to a qualified class of account beneficiaries.
The session will include investment requirements restricted to mutual funds or exchange traded funds that track a stock market index, such as the S&P 500 or any other index comprised of equity investments primarily in the United States companies. It will also discuss that investments cannot have annual fees and expenses of more than 0.1%.
- The course will also discuss guidance provided by IRS and Treasury in Information Release 2025-117 and Notice 2025-68, as well as the current proposed regulations that may be finalized by the time of this presentation.
- The course will also review the newly created Form 4547 Trump Account Election(s) for Parent/Guardian Authorization and Pilot Program Contributions.
At the conclusion of this session, Tax Professionals will have a better understanding of §530 Trump Accounts. They will have obtained information pertaining to annual contributions by parents and guardians Qualified General Contributions from nonprofit organizations, as well as §128 employer contributions and §6434 Government Pilot Program contributions for children who are U.S. citizens born in years 2025 to 2028.
The participants also will have a clear understanding of qualified distributions at the time that the beneficiary reaches the age of 18. The participants will have an understanding that the Trump accounts will then come under all the rules of Individual Retirement Accounts.
The individuals will also understand the limited investment options provided for the Funds in a Trump account and the limited fees allowed.
Participants will also have a better understanding of the proper filing of Form 4547 Trump Account Election(s).
Official Registry Statement:
The National Society of Tax Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CTEC Disclosure Statement:
The National Society of Tax Professionals has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
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The following policies apply to all individuals attending our events, regardless of membership status.
Attendance Policy
- Advance registration is required. We are unable to accommodate walk-in attendees, and payment must be received prior to the start of the class.
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Disclaimer
- Course materials and presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
- Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
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